Since peak holding of end March 2021 of the grouping considered, the total fall till date is by 2.15%.
This would have more weight if the shared were acquired using cash in the open market. In reality, “off-market by way of gift” (God knows what this means; who gifted and why?), “inter-se transfer” (between the old promoters and the new promoters) and “preferential allotment” (during acquisition of companies) are some of the ways in which these shares have been acquired by the promoters (and Mr Raj Kumar). Hardly any shares have been acquired in cash.
In contrast, the sale of shares by Mr Raj Kumar, who mysteriously is not in the promoter group even as prominent director in the group companies and designated partner in one, has been in the open market for cash.
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